Stock Market News

post-image

Technical Analysis – Tesla stock erases some gains after sharp buying interest

Posted on July 22, 2020 at 12:13 pm GMT

Tesla’s stock price has been in a slightly recovery mode after the skyrocketing to a record high of 1785.43 on July 13. The price remains above the 23.6% Fibonacci retracement level of up leg from 350 to 1785.43 at 1446, however, the RSI looks overbought as it turns lower above the 70 level. Also, the MACD oscillator is weakening its momentum, though it holds above its trigger and zero lines. In case of steeper declines immediate support is coming from [..]

post-image

Technical Analysis – US 30 index regains strength above SMAs and Ichimoku cloud

Posted on July 17, 2020 at 5:26 am GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above the blue Kinjun-sen line may keep upside risks alive in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, comfortably above zero, has slipped below its [..]

post-image

Technical Analysis – US 30 index improves above MA’s and Ichimoku cloud

Posted on July 16, 2020 at 3:40 pm GMT

US 30 stock index (Cash) is preserving its recent positive sentiment despite a pullback from the 27,178 level. The climb in the index is aided by the upward sloping simple moving averages (SMAs). Furthermore, the intact positive charge of the Ichimoku lines and the distancing of the red Tenkan-sen above its blue Kinjun-sen line boost positive momentum in the very near-term. The short-term oscillators also suggest growing bullish momentum. The MACD, deep in the positive section, has slipped below its [..]

post-image

Netflix earnings: Beating a low bar, but storm clouds ahead – Stock Market News

Posted on July 14, 2020 at 1:26 pm GMT

The world’s leading streaming provider will announce its second-quarter earnings on Thursday after Wall Street’s closing bell, and investors will be eager to find out how many subscribers the firm added amid the lockdowns. Admittedly, that bar has been set pretty low, so Netflix will likely have an easy time beating the gloomy forecasts. If so, that would argue for a positive reaction in its shares. That said, the stock has already rallied a long way and is trading at [..]

post-image

US big banks report Q2 earnings, could S&P 500 resume bull game? – Stock Market News

Posted on July 14, 2020 at 9:13 am GMT

US banks will kick off the earnings season for the second quarter this week in the pre-market session. JPMorgan Chase & Co, Citigroup, and Wells Fargo are reporting financial results on Tuesday, while on Wednesday, Goldman Sachs is announcing its own numbers before Bank of America and Morgan Stanley take the baton on Thursday. The data are arriving at a crucial time and could prove to be directional as markets are wondering whether the second virus outbreak can be a [..]

post-image

Technical Analysis – GER 30 index stalls appreciation above SMAs; momentum slows    

Posted on July 13, 2020 at 3:27 pm GMT

Germany 30 Index (Cash) seems skewed to the upside as the price has moved above the rising simple moving averages (SMAs) and the Ichimoku cloud. Although the sideways market looks to be tipping towards the upside, it is currently on weak positive momentum, something also reflected in the Ichimoku lines and the short-term oscillators. The MACD, is holding above its red trigger line in the positive area with weak momentum, while the RSI gradually points higher in the positive region. [..]

post-image

Technical Analysis – US 500 index creeps higher; intentions appear positive

Posted on July 13, 2020 at 12:31 pm GMT

US 500 stock index (Cash) recently displayed a positive objective after finding a foothold on the 100-period simple moving average (SMA) and the upper surface of the Ichimoku cloud. The one-month neutral-to-bullish picture seems to have gained backing from the climbing SMAs and the recent bullish crossover by the 50-period SMA. Adding to this view are the positive signals reflected in the short-term oscillators. The MACD, in the positive region, is increasing above its red trigger line, while the RSI [..]

post-image

Technical Analysis – JP 225 index maintains horizontal mode

Posted on July 6, 2020 at 3:19 pm GMT

JP 225 stock index (Cash) may prolong its sideways crawl as the price stalled underneath the 22,825 upper bound of the range. Although the price found some footing on the 200-period simple moving average (SMA), the Ichimoku lines, the 50- and 100-period SMAs continue to indicate unclear direction and conflicting views. Conflicting signals are also suggested in the short-term oscillators. The MACD is above its red trigger and zero lines, while the RSI has marginally weakened under the 80 level. [..]

post-image

Technical Analysis – US 30 index attempts to keep recent gains intact

Posted on July 3, 2020 at 10:54 am GMT

US 30 stock index (Cash) is resting on the 100-period simple moving average (SMA) at 25,790, merged with the upper surface of the Ichimoku cloud and finding further support from the positively charged 200-period SMA just beneath, at 25,746. At the glance it seems this mostly neutral picture that has taken over the last weeks may be here to stay for a while. Conflicting signals exist in the directional picture of the index. The bullish Ichimoku lines mirror growing positive [..]

post-image

Technical Analysis – Tesla takes off like a rocket, prints new records

Posted on July 1, 2020 at 2:19 pm GMT

Tesla’s stock levitated to a new all-time high of 1086 yesterday, and today it overcame that too, continuing its relentless uptrend. The picture is overwhelmingly positive, with the structure of higher peaks and higher troughs being reinforced by all the simple moving averages (SMAs) sloping upwards and the price trading above an upside support line drawn from the March lows. Even short-term momentum oscillators are with the bulls, as the RSI just touched its 70 line while the MACD just [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.